What is the silver rate today in India?
The silver rate today in India is the IBJA-published 999-fine silver reference, expressed per kilogram. Indian silver prices follow international spot silver (priced on the London Bullion Market and COMEX) adjusted for the USD/INR exchange rate and 3% GST at point of sale. The IBJA AM session is published at 12:35 IST and PM session at 18:05 IST every business day.
Silver is more volatile than gold because of its industrial demand (electronics, solar panels, photovoltaics) and a smaller global market. Day-to-day moves of 1–2% are common, and quarterly swings of 8–15% are not unusual.
Silver rate by weight
Most Indian retail buyers transact in silver bars (5g, 10g, 50g, 100g) or coins, with kilo bars used by HNI investors. Silver jewellery in India typically uses 925 sterling silver, which is priced at about 92.5% of the 999 reference rate.
How is silver rate determined?
- International spot price. Silver trades globally; LBMA and COMEX set the benchmark in USD/oz.
- USD/INR. Same as gold, currency moves directly translate into Indian silver prices.
- Industrial demand. Solar and electronics demand sets a structural floor.
- Festival demand. Akshaya Tritiya and Dhanteras drive retail buying spikes.